Qualstar Corp (QBAK) Files Form 4 Insider Selling : William J Gervais Sells 20,000 Shares

Qualstar Corp (QBAK): William J Gervais , 10% owner of Qualstar Corp sold 20,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $3.85 per share for a total value of $77,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, William J Gervais (10% owner) sold 20,000 shares at $3.85 per share price.On Mar 4, 2016, Asset Holdings, Inc. Bkf (CEO) purchased 187,266 shares at $0.66 per share price.Also, On Feb 4, 2016, David John Wolenski (director) purchased 5,000 shares at $0.80 per share price.On Aug 24, 2015, Lloyd I Iii Miller (10% owner) purchased 6,300 shares at $0.95 per share price.

Shares of Qualstar Corporation (QBAK) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.107 points or -2.60% at $4.013 with 12,490 shares getting traded. Post opening the session at $4.2, the shares hit an intraday low of $3.63 and an intraday high of $4.2 and the price vacillated in this range throughout the day. The company has a market cap of $8.2 M and the number of outstanding shares has been calculated to be 20,42,190 shares. The 52-week high of Qualstar Corporation is $10.739978 and the 52-week low is $2.160595.

Qualstar Corporation Money Flow Index Chart

Qualstar Corporation is a provider of power solutions and data storage systems. The Company markets its products under the N2Power and the Qualstar brand names. It has two segments: data storage and power supplies. The data storage segment designs develops manufactures and markets automated tape libraries used to store retrieve and manage electronic data. Its power supplies segment designs develops manufactures and markets its power solution products to convert regulate purify manage or distribute electrical power for electronic equipment. It offers its data storage products to storage reseller channel storage original equipment manufacturer (OEM) channel and N2Power OEM channel. The Company offers its data storage products in Americas including Mexico the United States Canada and South America; EMEA (Europe Middle East and Africa) and APAC (Asia Pacific). It manufactures its storage products at its factory in Simi Valley California.

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